I inherited a portion of an oil well that is no longer being worked. However, the company that was working the well issued a 1099-MISC showing I was paid $30.44, representing 4 years of accumulated payments. When I spoke with the company their representative stated this would be the last payment received as they had abandoned the well. It is not a business, nor do I own anything more than a small portion of an oil lease. How do I report the $30 income on the 1099-MISC form?
